Report Overview

An increasing demand for the Luxury Housing Market is driven by the rising of rapid growth OF urbanization, driven by various factors. The number of high-net-worth individuals is rising, and as a result, their wealth continues to grow, leading to potential investments in luxury residential real estate. With rapid urbanization and the general shift towards certain lifestyle aspirations, people become increasingly motivated to attain a standard of living, elegance, and sophistication that further pushes the market growth during the forecast period between 2025 and 2031.

India Luxury Housing Market – Industry Trends & Forecast Report, 2031

India Luxury Housing Market size was estimated at USD 41.66 billion in 2024. During the forecast period between 2025 and 2031, the India Luxury Housing Market size is projected to grow at a CAGR of 17% reaching a value of USD 125.02 billion by 2031. A prominent driver of the market growth is an increasing number of high-net-worth individuals (HNIs). Their growing wealth leads to potential investments in luxury residential real estate. With rapid urbanization and the general shift towards certain lifestyle aspirations, people become increasingly motivated to attain a standard of living, elegance, and sophistication that further pushes the market growth. The vibrant and young Indian population, with high disposable income and exposure to a cosmopolitan way of life, further feeds into this market.

Luxury Housing – Overview

Luxury housing is the one that has an extravagant amount of space, high-end amenities, and a high price tag. Word Luxury itself signifies a relatively large consumption of wealth for nonessential pleasures. It provides exceptional home features and amenities, from spacious interiors with high-end finishes to the latest technology. A high price tag property always comes with premium materials such as marble and hardwood, as well as custom-designed elements, bring individuality and opulence and define a luxury home.

India Luxury Housing Market

Growth Drivers

Growing Number of HNIs in Expanding Urban Areas

Rapid Urbanization and rising income levels have been transforming metropolitan cities, which lead to an increase in demand for premium residential properties. As more people migrating to cities and experiencing higher standard of living, their preference for luxury properties in prime location with modern amenities also intensified.

Challenges

Regulatory and Transparency Challenges

Regulatory concerns, like hold-ups regarding authorizations and permits, could act as hurdles for developers trying to get into India Luxury Housing Market. It might be challenging for developers to deliver luxury residences at affordable prices, due to high construction expenses and land prices. Additionally, the most significant obstacles in India Luxury Housing Market are high maintenance costs. High costs of luxury housing units for middle class and upper middle class buyers could hamper the growth of India Luxury Housing Market.

Impact of Escalating Geopolitical Tensions on India Luxury Housing Market

Intensifying geopolitical tensions among countries across the regions are reshaping India Luxury Housing Market through a mix of resilience and disruption. Wealthy buyers—particularly high-net-worth individuals (HNIs) and ultra-HNIs—continue to view luxury real estate as a stable hedge against global volatility, driving sustained demand. However, geopolitical risks are fueling supply-side challenges, including construction cost inflation (due to fluctuating commodity prices) and project delays, especially for developments reliant on imported materials or foreign expertise. Non-resident Indian (NRI) investments, a critical driver of the market, face short-term caution amid global instability, though India’s strong economic growth (6–7% annually) maintains long-term appeal.

India Luxury Housing Market

Segmental Coverage

India Luxury Housing Market – By Type

By type, India Luxury Housing Market is segmented into Villas, Landed Apartments, Penthouses, and Condominiums. Among them, the villas segment leads the India Luxury Housing Market. Villas are meant for the wealthy buyer, providing privacy, space, and exclusivity on the premise of ample properties, swimming pools, and picturesque gardens. Customization allows owners to tailor their villas to their tastes and lifestyles.

India Luxury Housing Market – By Furnishing

Based on furnishing, India Luxury Housing Market is segmented into full furnished and semi-furnished. As each option has a high demand by the clients but little more demand is for semi-furnished where clients can renovate the remaining portion according to their taste and preferences.

India Luxury Housing Market – By Size

On the basis of size, India Luxury Housing Market is segmented into 1,500–3,000 sq. ft., 3,000–4,500 sq. ft., 4,500–6,000 sq. ft., 6,000–7,500 sq. ft., 7,500–9,000 sq. ft., and Above 9,000 sq. ft. The 3,000-4,500 sq. ft. segment leads India Luxury Housing Market. HNIs and ultra-HNIs prefer properties falling therein in India due to their size, which offers both luxury and practicality while being inviting. On the one hand, the desire for high-standard living remains high as the homes blend in charm with coziness and exclusivity.

India Luxury Housing Market - By Price

India Luxury Housing Market is segmented by price into three distinct tiers, each targeting specific buyer demographics and regional markets. The ultra-luxury segment (INR 4 crore+) dominates Tier-I cities like Delhi-NCR, Mumbai, and Bengaluru, accounting for 27% of national luxury sales (1,930 units in Q1 2025), driven by ultra-HNIs and NRIs seeking status symbols such as penthouses with helipads and sea views.

India Luxury Housing Market – By Region

Geographically, India Luxury Housing Market is segmented into North India, South India, East India, and West India regions.

Competitive Landscape

India Luxury Housing Market is highly competitive. Major companies in the market include DLF Limited, Godrej Properties Limited, Oberoi Realty Limited, Prestige Estates Projects Limited, Sobha Limited, Brigade Enterprises Limited, Lodha Group, Mahindra Lifespace Developers Limited, Tata Housing Development Company Limited, Shapoorji Pallonji Real Estate, Puravankara Limited, Hiranandani Group, Ansal Properties & Infrastructure Limited, Unitech Limited, and Emaar India. They are driving residential, commercial, and luxury developments across Tier-I and Tier-II cities. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In December 2024 - Oberoi Realty acquired 81 acres of land in Alibaug near Mumbai and plans a luxury hotel and villa project. In the 72.45 acres, equivalent to 2,93,207 sq. meters, the company intends to construct approximately 150 high-end luxuries, fully serviced, branded residential villas, consuming FSI of roughly 1,20,000 square meters.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2024
	Base Year – 2024
	Estimated Year – 2025
	Forecast Period – 2025–2031
Facts Covered	Revenue in USD billion
Market Coverage	North India, South India, East India, West India
Product/ Service Segmentation	Type, Furnishing, Size, Price, Region
Key Players	DLF Limited, Godrej Properties Limited, Oberoi Realty Limited, Prestige Estates Projects Limited, Sobha Limited, Brigade Enterprises Limited, Lodha Group, Mahindra Lifespace Developers Limited, Tata Housing Development Company Limited, Shapoorji Pallonji Real Estate, Puravankara Limited, Hiranandani Group, Ansal Properties & Infrastructure Limited, Unitech Limited, Emaar India

 

By Type

• Villas

• Landed Apartments

• Penthouses

• Mansions

• Condominiums

• Houses

• Others

By Furnishing

• Fully Furnished

• Semi Furnished

By Size

• 1,500–3,000 sq. ft.

• 3,000–4,500 sq. ft.

• 4,500–6,000 sq. ft.,

• 6,000–7,500 sq. ft.

• 7,500–9,000 sq. ft.

• Above 9,000 sq. ft.

By Price

• Emerging luxury (INR 1–1.5 crore)

• Premium luxury (INR 1.5–4 crore)

• Ultra-luxury (INR 4 crore+)

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Luxury Housing Market
4. Market Insights
   1. Price Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Urbanization & Infrastructure
         2. NRI Demand
      2. Restraints
         1. Affordability Crisis & Market Polarization
         2. Regulatory & Transparency Hurdles
      3. Opportunities
         1. Premiumization & Lifestyle Shifts
         2. Vacation & Second Home Boom
      4. Challenges
         1. Supply-Demand Imbalance
         2. Regulatory & Structural Hurdles
   3. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5.  India Luxury Housing Market: Value Chain Analysis
6. India Luxury Housing Market: Regulatory Framework
7. India Luxury Housing Market: Marketing Strategies
8. India Luxury Housing Market: Pricing Analysis
9. India Luxury Housing Market:  Analysis
   1. India Luxury Housing Market, Analysis, 2024
   2. India Luxury Housing Market Attractiveness Analysis, 2019–2031
10. India Luxury Housing Market Overview
    1. Market Size & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Type
          1. Villas
          2. Landed Apartments
          3. Condominiums
          4. Houses
          5. Penthouse
          6. Others
       2.          By Furnishing
          1.  Full Furnished
          2. Semi Furnished
       3. By Size
          1. 1,500–3,000 sq. ft.
          2. 3,000–4,500 sq. ft.
          3. 4,500–6,000 sq. ft.,
          4. 6,000–7,500 sq. ft.
          5. 7,500-9,000 sq. ft.
          6. Above 9,000 sq. ft.
       4. By Price
          1. Emerging luxury (INR 1–1.5 crore)
          2. Premium luxury (INR 1.5–4 crore)
          3. Ultra-luxury (INR 4 crore+)
       5. By Region
          1. North India
          2. South India
          3. East India
          4. West India
11. North India Luxury Housing Market
    1. Market Size & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Type
       2. By Furnishing
       3. By Size
       4. By Price
12. South India Luxury Housing Market
    1. Market Size & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Type
       2. By Furnishing
       3. By Size
       4. By Price
13. East India Luxury Housing Market
    1. Market Size & Forecast, 2019–2031
    2.      By Value (USD Billion)
    3.      Market Share & Forecast
       1. By Type
       2. By Furnishing
       3. By Size
       4. By Price
14. West India Luxury Housing Market
    1. Market Size & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Type
       2. By Furnishing
       3. By Size
       4. By Price
15. Competitive Landscape
    1. List of Key Players and Their Offering
    2. Company Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
16. Impact of Escalating Geopolitical Tensions on Luxury Housing Market
17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. DLF Limited
    2. Godrej Properties Limited
    3. Oberoi Realty Limited
    4. Prestige Estates Projects Limited
    5. Sobha Limited
    6. Brigade Enterprises Limited
    7. Lodha Group
    8. Mahindra Lifespace Developers Limited
    9. Tata Housing Development Company Limited
    10. Shapoorji Pallonji Real Estate
    11. Puravankara Limited
    12. Hiranandani Group
    13. Ansal Properties & Infrastructure Limited
    14. Unitech Limited
    15. Emaar India
    16. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       India Luxury Housing Market Segmentation

Figure 2       India Luxury Housing Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       India Luxury Housing Market Size, By Value (USD Billion), 2019–2031

Figure 5       India Luxury Housing Market Share, By Type, By Value (USD Billion), 2019–2031

Figure 6       India Luxury Housing Market Share, By Furnishing, By Value (USD Billion), 2019–2031

Figure 7       India Luxury Housing Market Share, By Size (USD Billion), 2019–2031

Figure 8       India Luxury Housing Market Share, By Price (USD Billion), 2019–2031

Figure 9       India Luxury Housing Market Share, By Region, By Value (USD Billion), 2019–2031

Figure 10     North India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Figure 11     North India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Figure 12     North India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Figure 13     North India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Figure 14     North India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Figure 15     South India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Figure 16     South India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Figure 17     South India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Figure 18     South India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Figure 19     South India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Figure 20     East India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Figure 21     East India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Figure 22     East India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Figure 23     East India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Figure 24     East India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Figure 25     West India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Figure 26     West India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Figure 27     West India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Figure 28     West India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Figure 29     West India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

 

List of Tables

 

Table 1        India Luxury Housing Market Size, By Value (USD Billion), 2019–2031

Table 2        India Luxury Housing Market Size, By Type, By Value (USD Billion), 2019–2031

Table 3        India Luxury Housing Market Size, By Price, By Value (USD Billion), 2019–2031

Table 4        India Luxury Housing Market Size, By Size, By Value (USD Billion), 2019–2031

Table 5        India Luxury Housing Market Size, By Furnishing, By Value (USD Billion), 2019–2031

Table 6        India Luxury Housing Market Size, By Region, By Value (USD Billion), 2019–2031

Table 7        North India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Table 8        North India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Table 9        North India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Table 10      North India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Table 11      North India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Table 12      South India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Table 13      South India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Table 14      South India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Table 15      South India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Table 16      South India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Table 17      East India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Table 18      East India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Table 19      East India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Table 20      East India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Table 21      East India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Table 22      West India Luxury Housing Market Size, By Value (USD Million), 2019-2031

Table 23      West India Luxury Housing Market Share, By Type, By Value (USD Million) 2019-2031

Table 24      West India Luxury Housing Market Share, By Furnishing, By Value (USD Million) 2019-2031

Table 25      West India Luxury Housing Market Share, By Size, By Value (USD Million) 2019-2031

Table 26      West India Luxury Housing Market Share, By Price Type, By Value (USD Million) 2019-2031

Table 27      DLF Limited Company Overview

Table 28      DLF Limited Financial Overview

Table 29      Godrej Properties Limited Company Overview

Table 30      Godrej Properties Limited Financial Overview

Table 31      Oberoi Realty Limited Company Overview

Table 32      Oberoi Realty Limited Financial Overview

Table 33      Prestige Estates Projects Limited Company Overview

Table 34      Prestige Estates Projects Limited Financial Overview

Table 35      Sobha Limited Company Overview

Table 36      Sobha Limited Financial Overview

Table 37      Brigade Enterprises Limited Company Overview

Table 38      Brigade Enterprises Limited Financial Overview

Table 39      Lodha Group Company Overview

Table 40      Lodha Group Financial Overview

Table 41      Mahindra Lifespace Developers Limited Company Overview

Table 42      Mahindra Lifespace Developers Limited Financial Overview

Table 43      Tata Housing Development Company Limited Company Overview

Table 44      Tata Housing Development Company Limited Financial Overview

Table 45      Shapoorji Pallonji Real Estate Company Overview

Table 46      Shapoorji Pallonji Real Estate Financial Overview

Table 47      Puravankara Limited Company Overview

Table 48      Puravankara Limited Financial Overview

Table 49      Hiranandani Group Company Overview

Table 50      Hiranandani Group Financial Overview

Table 51      Ansal Properties & Infrastructure Limited Company Overview

Table 52      Ansal Properties & Infrastructure Limited Financial Overview

Table 53      Unitech Limited Company Overview

Table 54      Unitech Limited Financial Overview

Table 55      Emaar India Company Overview

Table 56      Emaar India Financial Overview